Silver Reaches New 2021 Low

GOLD

This morning concerns about global weakening in economic growth caused the U.S. Dollar Index to soar, reaching a new 1-year high of 94.38. Gold and Silver reacted negatively, with Gold hitting a low of $1,721 per ounce. At 11am PT Today, Gold is trading at $1,725 per ounce, down $11 on good volume.

SILVER

Silver dropped with Gold, reaching a new 2021 low of $21.41 before seeing sizeable bargain buying. Considering all the fundamental facts and the current supply problem reported by the U.S. Mint and COMEX warehouse, Silver is an unbelievable value at this level. At 11am PT today, Silver is down $0.96 per ounce, trading at $21.50 on heavy volume.